Ithaca Immigration Consulting: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Ithaca Immigration Consulting
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€15,026
down €15,026 (-20.1%), from €74,651 to €59,625
mainly Current investments (-€75,000) and Contributions, distributions and other (-€833)
- Reserves +€56,288
up €56,288 (+122%), from €46,300 to €102,589
- Tax, wage and social debts +€3,169
up €3,169 (+12.5%), from €25,394 to €28,563
- Gross operating margin +€17,539
up €17,539 (+27.1%), from €64,680 to €82,218
- Taxes +€4,095
up €4,095 (+25.4%), from €16,142 to €20,237
- Other operating charges +€2,996
up €2,996 (+221%), from €1,358 to €4,354
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,301 | €135,145 | +€59,844 | +79.5% |
| Fixed assets | 21/28 | - | €520 | +€520 | |
| Tangible fixed assets | 22/27 | - | €520 | +€520 | |
| Plant, machinery and equipment | 23 | - | €520 | +€520 | |
| Current assets | 29/58 | €75,301 | €134,625 | +€59,324 | +78.8% |
| Amounts receivable within one year | 40/41 | €650 | - | -€650 | |
| Trade receivables | 40 | €650 | - | -€650 | |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €74,651 | €59,625 | -€15,026 | -20.1% |
| Total equity and liabilities | 10/49 | €75,301 | €135,145 | +€59,844 | +79.5% |
| Equity | 10/15 | €48,800 | €105,089 | +€56,288 | +115% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,300 | €102,589 | +€56,288 | +122% |
| Distributable reserves | 133 | €46,300 | €102,589 | +€56,288 | +122% |
| Amounts payable | 17/49 | €26,500 | €30,056 | +€3,555 | +13.4% |
| Amounts payable within one year | 42/48 | €26,500 | €30,056 | +€3,555 | +13.4% |
| Trade debts | 44 | €422 | €679 | +€257 | +60.8% |
| Suppliers | 440/4 | €422 | €679 | +€257 | +60.8% |
| Taxes, remuneration and social security | 45 | €25,394 | €28,563 | +€3,169 | +12.5% |
| Taxes | 450/3 | €25,394 | €28,563 | +€3,169 | +12.5% |
| Other amounts payable | 47/48 | €685 | €814 | +€129 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €244 | +€244 | |
| Other operating charges | 640/8 | €1,358 | €4,354 | +€2,996 | +221% |
| Gross operating margin | 9900 | €64,680 | €82,218 | +€17,539 | +27.1% |
| Operating profit (loss) | 9901 | €63,322 | €77,620 | +€14,298 | +22.6% |
| Financial income | 75/76B | €0 | €58 | +€58 | +581,400% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +581,400% |
| Financial charges | 65/66B | €46 | €319 | +€273 | +594% |
| Recurring financial charges | 65 | €46 | €319 | +€273 | +594% |
| Profit (loss) for the period before taxes | 9903 | €63,276 | €77,359 | +€14,083 | +22.3% |
| Income taxes | 67/77 | €16,142 | €20,237 | +€4,095 | +25.4% |
| Profit (loss) for the period | 9904 | €47,133 | €57,121 | +€9,988 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,133 | €57,121 | +€9,988 | +21.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.